Don’t Let It Eat Your Margins
Diesel update for the week—if you thought fuel was finally easing up, it didn’t last long. We were running in that low to mid $3 range not long ago and now we’ve jumped hard. National average is pushing mid $4s, East Coast around $4.90, Midwest high $4s, and the Gulf Coast—the real market—is still sitting in the low $3s on spot. That gap is closing fast, which means retail likely isn’t done climbing yet.
What this means in real life—don’t bank on cheaper fuel saving a bad load. If your FSC isn’t keeping up, you’re already behind. This is the kind of market that will eat your margin quick if you’re not paying attention.
Bottom line—fuel just reminded everybody it can move fast. Stay tight on your numbers, be picky on your freight, and don’t run anything that doesn’t make you money.
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Lloyd Boren
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Don’t Let It Eat Your Margins
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